Alliance Resource Partners Q4 Results Down

(RTTNews) - Alliance Resource Partners, L.P. (ARLP) Tuesday announced a sharp decline in fourth quarter net income attributable to Alliance Resource Partners L.P. of $21.475 million compared to $123.68 million last year.

Total revenue for the quarter declined to $542.15 million from $590.79 million a year ago.

Alliance Resource said its Board has approved a cash distribution to unitholders for the 2015 Quarter of $0.675 per unit, payable on February 12, 2016.

Looking ahead to 2016, Net income is expected in a range of $230 to $300 million.

Revenue for the full year 2016 is expected to be in a range of $1.82 to $1.95 billion.

The company expects Coal production in a range of 33.7 to 35.7 million tons, while sales volumes is expected in a range of 34.6 to 38.1 million tons.